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 Feature Industry Articles 
Friday, November 29 2019
Economic Trends in the Oil, Gas and Coal Industries

By Jim Damicis and Bethany Meys, Camoin 310

Introduction

Oil, gas and coal have been drivers of the U.S. economy from the beginning stages of the industrial economy and have continued through the transition to the high-tech, knowledgeable economy. They are also key parts of emerging industry trends impacting the economy of tomorrow. In this article we examine the oil, gas, and coal industries and first provide an overview of key economic performance data and trends. We also examine how these three industries impact other industries through supply and value chains. We conclude with what all this means for economic and business developers including for those within communities that do not have extraction related or even process related concentrations in these industries.

Oil, gas, and coal are significant to the economy on two fronts. On their own they create direct economic output. This includes direct jobs, sales, and exports. They also create impact by providing the resources to generate energy used by other industries, as well as an input to downstream markets including distributors, processors, and manufacturers. In the case of manufacturers, oil, gas, and coal are used for both energy and as an input to manufacturing of plastics, rubber, chemicals, as well as other products. This further contributes to job, sales and exports.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 12:12 pm   |  Permalink   |  Email
Tuesday, November 20 2018
Oil and Gas Production at Record Highs and Fossil Fuels Continue to Play a Major Role in the U.S. Economy

By Angelos Angelou, Founder & CEO, AngelouEconomics, AngelouEconomics.com

Fossil fuels—love them or hate them, they’re the backbone upon which modern civilization was built. They’ve made nations. They’ve sparked wars. And, most importantly, they’ve provided the key ingredient for the most rapid and sustained economic expansion in human history.

Yes, it’s true that fossil fuels—coal, oil, and natural gas—are by their nature finite resources. It’s also true that their use releases climate-impacting carbon emissions into the atmosphere. These considerations, as well as the rise of a new generation of renewable energy technologies, all but guarantee that fossil fuels will largely go by the wayside at some point in the future. Maybe it will be in our lifetime. Maybe it will be in our children’s lifetime, or their children’s. Given the constantly evolving trends, tech, and geopolitics influencing the global energy sector, it’s hard to make long-term prognostications with any certainty.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:38 am   |  Permalink   |  Email
Thursday, November 30 2017
Energy: Enee...Meenie...Miney...Mo

By Michael D. White

Over the past decade, advances in energy generation and the technologies surrounding both its process and distribution have had a marked impact on the way both the public and industry view what keeps the lights on and the wheels of industry turning.

According to a recent report released by the Alexandria, Virginia-based American Geosciences Institute (AGI), “Increased publicity about the potential hazards and impacts of energy production and transport has led to conversations about energy and the environment that have grown louder and more fraught with emotion, giving the impression of an issue defined by strongly entrenched positions and with little opportunity to find common, or middle, ground.” 

But, the AGI says, the issue and its social, political, technical and environmental components has actually resulted in a growing interest in what the AGI calls the development of  “a methane economy” powered by a combination of its "cousins," natural gas and oil. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:25 am   |  Permalink   |  Email
Wednesday, November 23 2016
Oil, Gas, Coal & Shale Energy Outlook

Source: U.S. Energy Information Administration

Shale in the United States 2016
Over the past decade, the combination of horizontal drilling and hydraulic fracturing has provided access to large volumes of oil and natural gas that were previously uneconomic to produce from low permeability geological formations composed of shale, sandstone, and carbonate (e.g., limestone). Shale is a fine-grained sedimentary rock that forms from the compaction of silt and clay-size mineral particles. Black shale contains organic material that can generate oil and natural gas, and that can also trap the generated oil and natural gas within its pores.

Where are shale gas and oil resources found?
Shale oil and natural gas resources are found in shale formations that contain significant accumulations of natural gas and/or oil. The Barnett Shale in Texas has been producing natural gas for more than a decade. Information gained from developing the Barnett Shale provided the initial technology template for developing other shale plays in the United States. Another important shale gas play is the Marcellus Shale in the eastern United States. While the Barnett and Marcellus formations are well-known shale gas plays in the United States, more than thirty U.S. states overlie shale formations.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:43 am   |  Permalink   |  Email
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